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EVR Evraz Plc

82.68
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Evraz Plc LSE:EVR London Ordinary Share GB00B71N6K86 ORD USD0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 82.68 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Evraz May Halt Some Czech Operations Until ArcelorMittal Agreement

14/05/2010 12:21pm

Dow Jones News


Evraz (LSE:EVR)
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Russian steel producer Evraz Group SA (EVR.LN) said Friday it may suspend some operations in the Czech Republic if it doesn't reach a price agreement with ArcelorMittal (MT), which supplies pig iron to the local plant.

Vitkovice Steel is the largest producer of steel plates in the Czech Republic, but accounts for a small proportion of the 885,000 metric tons that Evraz made and sold in Europe last year.

A spokesman for the Russian company said the plant has been losing money since 2009, blaming this on the high prices for pig iron demanded by ArcelorMittal, the world's largest steelmaker.

He said the company's rolling mills would continue operating using imported steel if the pig iron dispute with ArcelorMittal isn't resolved.

Company website: www.evraz.com

-By Will Bland and Alexander Kolyandr, Dow Jones Newswires; +7 495 232 9198; william.bland@dowjones.com

 
 

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